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FX.co ★ Buying and selling shares in stock market on October 6, 2021

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Forex Analysis:::2021-10-06T06:35:41

Buying and selling shares in stock market on October 6, 2021

Buying shares of Citigroup (#C), the largest financial corporation in the US. On the weekly chart, the price went above the resistance of the balance line (red), giving a buy signal. The Marlin oscillator is headed upward in the negative zone. The bullish target is seen at 80.79, the high as of February 2021 and January 2018.

 Buying and selling shares in stock market on October 6, 2021

On the daily chart, the price consolidated above the balance line, the Marlin oscillator moved to the positive zone. The quote is expected to continue rising today.

 Buying and selling shares in stock market on October 6, 2021

Selling shares of Master Card (#MA), a global payments company.

 Buying and selling shares in stock market on October 6, 2021

On the weekly chart, the price reversed and went down from the balance line. The Marlin oscillator is headed down in the negative zone. The target is seen at the January 2021 low of 321.20. Then, the price may go down to the October 2020 low of 281.09.

 Buying and selling shares in stock market on October 6, 2021

On the daily chart, the price consolidated below the balance line (red) and the Kruzenshtern line (blue). The Marlin oscillator is trying to leave the negative zone. The downward trend is expected to develop.

Analyst InstaForex
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